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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (14651)	6/28/2006 10:19:18 AM
From: LoneClone	Respond to of 78408

UC Resources Ltd.: Visible Gold Intersected at Historically Productive La Soledad Target at Copalquin Property, Durango, Mexico ca.us.biz.yahoo.com TORREON, COAHUILA, MEXICO and VANCOUVER, BRITISH COLUMBIA, Jun 27, 2006 (CCNMatthews via COMTEX News Network) -- UC Resources Ltd (TSX VENTURE:UC)is pleased to announce that the drilling program on its Phase II exploration program at Copalquin is complete. Management has been advised by the Company's geological consultants that drilling has now been completed at the La Soledad Prospect located approximately three-hundred (300) meters north of the La Cometa prospect. Two drill holes, DDH 06-06 and 06-07, were completed from a station located approximately one hundred and fifty (150) meters north of the mine workings at an elevation of approximately 1,080 meters a.s.l. The La Soledad prospect is a gold and silver bearing, west northwest oriented quartz vein/breccia zone (steeply dipping towards the north east) that has been developed by underground workings on three (3) levels at elevations of between 1,010 and 1,170 meters a.s.l. Historic mining records are incomplete, however, according to a technical report prepared by Wilkins, 1997, total production from the La Soledad Mine is estimated at 136,000 tons reportedly containing two hundred thousand (200,000) ounces of gold and eight million (8,000,000) ounces of silver. It is important to note that this estimate of the historic gold and silver production from the La Soledad Mine has not been verified by UC Resources and the reader is cautioned that this information is included for reference purposes only and should not be relied upon. Drill hole 06-06 was drilled perpendicular to the La Soledad vein and at an inclination of fifty (50) degrees and was terminated when the hole encountered underground mine workings at a depth of one hundred (100) meters. DDH 06-07 was drilled on the same azimuth as 06-06 at an inclination of seventy (70) degrees and encountered the continuation of the La Soledad vein/breccia zone structure at a depth of between 110.0 and 116.8 meters. Drill hole 06-07 was terminated at a depth of 155.1 meters. Preliminary drill logs indicate that the mineralized interval consists of white quartz and silicified, brecciated andesite, the presence of visible gold has been noted, and grey, silver bearing sulfide mineral identified as acanthaite. Gold mineralization appears to be concentrated in the central part of the mineralized zone and consists of scattered flecks of free gold measuring up to three (3) mm in size. The true width of the interval is estimated to be approximately 90% of the mineralized core length, and measures approximately 6.1 meters. Assay results are expected to be available in approximately two to three weeks. The mineralized intersection in DDH 06-07 clearly shows that the mineralized zone at the La Soledad prospect is open at depth. This intersection is the first drill hole ever completed below the mine workings at La Soledad and it is important to note that potential strike extensions of this mineralized zone have never been tested. The drill cores are currently in safekeeping, and the Company is awaiting the arrival of an independent geological firm to verify the cores. The technical information contained in this release was prepared by Carl von Einsiedel, P. Geo., who is the Qualified Person for the Copalquin Project. The Company is pleased with the results of its drilling program, and once the technical data interpretation is complete, will resume its exploration program in late August or early September. On behalf of the Board of Directors of UC Resources Limited, Richard J. Hamelin, President/CEO/Director This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com